ISW Holdings (OTC: ISWH) (transitioning to “BlockQuarry,” pending name change), a Nevada-based portfolio company with primary commercial-stage operations in cryptocurrency mining, today released an update to current and prospective shareholders on core performance metrics, timeframe for hosting deployment and corporate identity. Among the highlights, the company indicated that mining is fully underway in Pennsylvania, nearing full capacity on hashrate, and final adjustments and updates are being implemented into month end to push performance up to peak potential. The company anticipates a record quarter for the three months ending Sept. 30, 2021. In addition, ISWH expects and a much more significant breakout in financial terms in the fourth quarter after a full three months of mining at peak capacity as well as the start of revenues from hosting operations. “We will unquestionably log our best quarter in company history — by a wide margin — when the books close at the end of the month,” said Alonzo Pierce, ISWH CEO. “But that will likely be dwarfed by what rolls in over coming quarters. We have made a few final adjustments and updates that are being implemented right now that will take us to full capacity in terms of achievable hashrate in Pennsylvania. That will bring us to a topline run-rate of approximately $1.5 million per month, which may double again beginning midway through the fourth quarter as we begin to ramp up hosting revenues.”
To view the full press release, visit https://ibn.fm/1AEaL
About ISW/BlockQuarry Corp.
ISW/BlockQuarry is quickly becoming one of the largest mining and hosting providers in the digital currency space in North America as it seeks to transform the financial markets of the future. The company’s complement of cutting-edge technologies has enhanced the bitcoin/cryptocurrency ecosystem, enabling its customers to take advantage of real-time cost savings. At the same time, its customers can feel confident that their digital transactions and assets are entirely secure. The company utilizes a scalable blockchain infrastructure to convert unique identifiable assets (“UIAs”) into interchangeable digital assets such as Bitcoin and other fungible digital assets. ISW/BlockQuarry offers immediate liquidity in the form of fast, confidential transactions, as well as the issuance of assets in the traditional capital markets.
NOTE TO INVESTORS: The latest news and updates relating to ISWH are available in the company’s newsroom at http://ibn.fm/ISWH
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